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20121201
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from our chinese owners. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it and now 90% of the wine from here that's 9,000 cases -- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods for goods that are scarce and for goods that are well made. so rather than buying chinese- made products and spending our money over there, they're buying american made products and sending their money back over here. >> reporter: on the jobs stay here? >> and the jobs stay here. >> reporter: rich chinese firms have investigated billions in the u.s. 1.3billion in california companies. a reported $560 million invested in the past year. the chinese are also boosting the golden state's housing recovery. they have bought one out of every 10 homes sold in the past year. >> compared to the high-end housing like in beijing, this is not that expensive. >> reporter: this university of southern california student has a $1 million condo a
over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was on capitol hill to present the plan to congress. >> i was flabbergasted. i looked at him, i says, you can't be serious. >> reporter: president obama wants $1.6 trillion in new taxes on the rich, $400 billion in cuts to entitlement programs, such as medicare, and $50 billion in stimulus spending. >> the president and the white house have had three weeks and this is the best we've got?! >> reporter: mitch mcconnell laughed at them last week. now geithner says if they don't like the president's plan, the republicans should present their own ideas. >> we can't try to figure out what works for them. they have to tell us. >> reporter: but secretary geithner made it clear, there will be no deal that does not include a tax hike on the wealthy. >> there's not going to be an agreement without rates going up. >> reporter: no formal negotiat
authorities in south america. he says he played the, quote, crazy card. mcafee is wanted for questioning in connection with his neighbor's murder in belize. refusing to turn himself in, he illegally entered guatemala and was deported to the u.s. he admits to faking two heart attacks to speed up his deportation. he says corrupt police officers in belize would jail or kill him. >> the people are shot in belize during robberies constantly . the fact that he is my neighbor is why this is international press. i want to make this clear for the 100th time: i had absolutely nothing to do with the murder in belize. >> mcafee now faces questioning from the fbi and the irs for possible tax evasion. mcafee also says he is now broke. >>> barry bonds' appeal of his felony conviction will be heard in court early next year. the ninth circuit court of appeals is now scheduled oral arguments for february 13. a three-judge panel will hear the appeal. the former giants slugger was convicted last year of obstruction of justice. that stems from his evasive rambling reply to a grand jury in 2003 when asked wh
that phillip tonge held up a bank of america branch in the richmond district in november. he allegedly handed the teller a note saying he was armed. investigators used video to identify him and matched his fingerprints with the ones on the note. >>> and three people are in custody in connection with the murder of two teenaged girls in east oakland. according to investigators, the two adults and juvenile were arrested after one made admissions connect the trio to the murders. -year-old bobby sartain and raquel gerstel were killed. >>> a man in indiana is facing serious charges after he allegedly threatened to kill people at an elementary school near his home. police found 47 guns and about $100,000 worth of ammunition. inside the cedar lake home of von meyer. he now faces charges of felony intimidation. >>> two police officers are dead and the search for their killer is under way in topeka, kansas. the officers were responding to a report of a suspicious vehicle when they were shot yesterday outside a grocery store. investigators say they are looking for a 22-year-old man, although they have n
, in short, that america has always been grateful to have especially in her darkest hours. men who lead by example and expect nothing. >> mr. inouye died yesterday of respiratory complications. he was 88. >>> a new offer from president obama aimed at avoiding the "fiscal cliff." he met with house speaker john boehner at the white house yesterday. the president reportedly offered to curtail future cost of living increases for recipients of social security and softened his demand for higher taxes at upper income levels. boehner wants an earnings threshold of a million dollars for higher rates. if no deal is reached in the next two weeks, billions in tax hikes and spending cuts will go into effect. >>> well, millions of credit card customers should soon receive refunds from american express, capital one, and discover. the three companies owe $435 million in refunds to nearly 6 million customers as a result of a government crackdown on deceptive credit card practices. refunds range from 3 bucks to $300 and they should show up on monthly statements. >> youtube released its list of top 10 tre
in one of america's most immigrant friendly cities. drag queens calling themselves the sisters of perpetual indulgence invaded a dinner party for joe arpaio. hi tried to speak at a san francisco middle school l yesterday and after he received 50 letters in spanish from 8th 8th graders questioning him about his immigration views, but the school canceled the meeting. >> they accused me of running concentration camps. they called me a racist. i can go on and on. so i just wanted to meet with the kids and tell them the truth. >> the school district's representative said she was too busy to explain on camera but denied there was ever a meeting to take place. >>> 5:39, one of the tea parties movement favorite lawmakers is leaving the senate. south carolina republican jim demint announced he's cutting it short. he's joining the heritage foundation and has already said he would not run for a term in 2016. >>> new fares about chemical weapons in syria, how the u.s. is stepping up efforts to end the civil war. >> an amazing video of some neighbors that are under water down in argentina,
of killing his neighbor in beliz. >> our intent is to return to america and settle down to whatever normal life we can settle down to under the circumstances. >> he answered reporters questions during an internet broadcast from the detention center over the weekend. >>> the effort to avoid the fiscal cliff comes down to two men, president obama and house speaker john boehner held a face to face meeting at the white house and more meetings are expected. the main sticking points remain, raising taxes and cuts to the entitlement programs. republicans are signaling a willingness to raise rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end. >>> house republicans still oppose raising taxes under the top 2 person under many circumstances and democrats are skeptical about rushing through entitlement reform. they agreed not to discuss their talks but say the lines of communication remain open. >>> it's 5:20. it wasn't a pretty win but it was a win. kaepernick rebounding. >>> and
arrest and how it may be tied to a string of east bay robberies. >> and a day of sadness across america. one week after the newtown shooting, how the country is coming together to mourn the victims. >> we're live at sfo where it is the busiest travel day of the holiday season. we're already getting reports of arrival delays. we'll tell you how long you will have to wait for you loved one when we come back. t start g six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. [ girl's voice ] we're gonna have lunch together. what're you having? oh, well, i only have this one, so... that'll do, i'll split it with sally. yea, we'll just share it. [ male announcer ] get your own subway steak melt, like the s
Search Results 0 to 7 of about 8